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| Las Vegas bets on Elon Musk to create underground transit system for its convention center | ||
| 5/26/2019 3:00 PM | ||
| Billionaire Elon Musk finally may build a commercial tunnel if his Boring Co. completes an underground transit system for the expanding Las Vegas Convention Center. The Boring Co. just got a $48.7 million contract to build a roughly one-mile loop beneath the convention center where autonomous electric vehicles would carry at least 4,400 passengers ...Read More | ||
| Party politics: Huge event-ready house in D.C. area is headed for auction | ||
| 5/26/2019 2:00 PM | ||
| A mammoth house made for lobbyist-level entertaining in the Washington, D.C., area is headed for auction. A live on-site auction with no reserve will be held next month at the 27,256-square-foot chateau in Potomac, Maryland, according to Mansion Global. Elite Auctions will conduct the June 15 auction of the property, which was initially listed for ...Read More | ||
| In the shadow of Silicon Valley’s tech boom, thousands of Bay Area residents live in RVs | ||
| 5/26/2019 1:00 PM | ||
| The tech boom in Silicon Valley has made housing too expensive for thousands of people in San Francisco and the Bay Area who live in vans, RVs and other vehicles. In Mountain View, the home of Google’s headquarters, police in December counted nearly 300 RVs that appeared to serve as primary residences. Similar numbers of apparent homes on wheels ha...Read More | ||
| Pot-related development is primed to take off in Illinois. So where are the investors? | ||
| 5/26/2019 12:00 PM | ||
| Marijuana-related industrial market is primed to take off in Illinois, if only capital investors and lenders would get on board. After expanding the state’s medical marijuana pilot program last year, Illinois lawmakers are now weighing a measure to legalize recreational marijuana. The marijuana business, which requires industrial space for cultivat...Read More | ||
| Privately-funded space race sparks economic liftoff for this Florida town | ||
| 5/26/2019 11:00 AM | ||
| As billionaires Jeff Bezos and Elon Musk compete in launching rockets to outer space, they are fueling a revival of Cocoa Beach, a coastal Florida city where their respective businesses, Blue Origin and SpaceX, are based. Located on the Atlantic Coast, just south of Cape Canaveral, Cocoa Beach was slammed by the 2009 recession and the end of the Na...Read More | ||
| How Opendoor founder Eric Wu got started in real estate | ||
| 5/26/2019 10:00 AM | ||
| Eric Wu, founder of the real estate start-up Opendoor that lets users buy and sell their homes online, first broke into the industry back in college, when he used his scholarship money to buy about 25 properties. Wu realized while studying at the University of Arizona that he had collected enough scholarship money to cover a roughly $20,000 downpay...Read More | ||
| Creator of ‘CSI’ puts a twist on his Malibu listing, upping the asking price | ||
| 5/26/2019 9:00 AM | ||
| Usually, a prospective seller will discount their home if it sits on the market for a year. Not television producer Anthony Zuiker. The creator of “CSI: Crime Scene Investigation” is putting his Malibu estate back on the market, asking half a million dollars more than he listed it for last year. Zuiker now wants $10 million for the 5,500-square-foo...Read More | ||
| Stephen Ross says criticism of Hudson Yards reflects anti-business sentiment in NYC | ||
| 5/26/2019 8:00 AM | ||
| Stephen Ross said critics of his mixed-use Hudson Yards development in Manhattan are sending the same anti-business message that encouraged Amazon to drop its plan to open a major corporate campus in New York City. “That’s one of the reasons why Amazon’s not here,” Ross, chairman of Related Companies, said Monday, according to the Wall Street Journ...Read More | ||
| Why rich Brazilians are scooping up property in Portugal | ||
| 5/25/2019 3:00 PM | ||
| Brazilian multimillionaire Ricardo Bellino lived more than 10 years in Miami before relocating to Portugal, which has emerged as a haven for affluent Brazilians. Bellino, 53, who bought a home near Lisbon, will gain from a flat income-tax rate of 20 percent in Portugal, where he also may be eligible for a tax-free pension after he retires. He told ...Read More | ||
| Chicago activist lambasted greedy developers for years. What happens now that he’s in charge? | ||
| 5/25/2019 2:00 PM | ||
| About three dozen Chicago real estate bigwigs and other business leaders gathered at the Soho House in Fulton Market last month to talk about the political vise that seemed to be closing in around them. Already high property taxes had nowhere to go but up, affordable housing requirements were tightening landlords’ profit margins, and the sudden cha...Read More | ||
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